Elizabeth Warren Wins Senate Banking Committee Seat: Sources
WASHINGTON -- Nearly two years after Wall Street waged a successful campaign to keep consumer advocate Elizabeth Warren from running the Consumer Financial Protection Bureau, the incoming senator will be tapped to serve on the Banking Committee, according to four sources familiar with the situation. It's a victory for progressives who battled to win her a seat on the panel that oversees the implementation of Dodd-Frank and other banking regulations.
Warren knocked out Republican Sen. Scott Brown of Massachusetts in the most expensive Senate contest of 2012, with Wall Street spending heavily to beat Warren, a former Harvard law professor.
Sources also told HuffPost that Sen. Joe Manchin (D-W.Va.) will be named to the panel.
Warren's ascension to the panel gives her influence over regulators and the industry that non-panel members don't enjoy.
Good, and well deserved. She is obviously highly qualified to be on that panel, that she will fight for the interest of regular people also is a huge plus.
Rachel did a segment on this 2 weeks ago. Pretty sure she's going to do a follow up tonight.
A great decision.
I'm happy for her. This is really good.
We'll cut her down to size.
[quote][bold]with Wall Street spending heavily to beat Warren, a former Harvard law professor.[/bold]
I just wanted to highlight this for any visiting Scott Brown-loving freepers who might want to unload Native American jokes. Perhaps freeper time would be better spent "crafting" Wall Street banker jokes?
Did I just use "freeper" "crafting" and "joke" in the same sentence? Ha, ha, ha.
I imagine that Elizabeth Warren, as the junior Senator, will be the most knowledgeable about banking law on the committee.
Good start. Hopefully she will not compromise too much.
I hope she stays a Senator and on this committee for a very long time. While she is only one voice there, she already knows how to get the word out to her constituents and supporters, and her word carries much weight.